As a business owner, it is critically important for you to maintain a summary of your business transactions and retain all important documents that can be used to verify the accuracy of your summary for tax purposes. Keeping good records of your transactions and tax invoices will help you to monitor the financial performance of your business as well as comply with your tax obligations.
Learn here the documents your small business should keep.
Good record keeping is not only important to help you monitor your business' details and progress, but it is also essential to protect you and your business from penalties, fines, and other legal actions. Read here some of the records your business may be legally required to keep. Consult with us if you have questions or if you need help navigating the maze of record-keeping requirements under local, state, or federal law.
Staying in control is the key to good governance and here are 4 key practices to help you. Practicing good governance of the LLC helps make the intent and purpose of the LLC clear to its members and to outside parties. These practices will help you in conflict by providing a clear picture of what you intended for the LLC. Read here on how to practice good governance.